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1966 Biarritz Drive, Miami ...

Eric Weissmann Acquires Miami Beach Multifamily For $2.6M From Seller Andrea Diotallevi - West Avenue Realty
SOLDMultiFamily

Eric Weissmann Acquires Miami Beach Multifamily For $2.6M From Seller Andrea Diotallevi - West Avenue Realty

1966 Biarritz Drive, Miami Beach, Florida 33141, United States

$2,617,500

$235/SF

Building Size

11,095 SF

Asset Type

MultiFamily

Closing

Feb 10, 2022

AI

The multifamily property located at 1966 Biarritz Drive in Miami Beach has been sold in a recent transaction. The property, consisting of 5 units, spans across a total area of 7,595 square feet. The sale price for this property was recorded at $2,617,500, resulting in a price per unit of $523,500. The price per square foot for this transaction was $345.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,617,500
  • Units: 5
  • Price per Unit: $523,500
  • Square Footage: 7,595 sqft
  • Price per Square Foot: $345

Eric Weissmann is the buyer in this transaction, while Andrea Diotallevi is the seller. The deal was facilitated by Jordan Millman from West Avenue Realty, serving as the broker in the transaction.

Players

Jordan Millman

Broker

$8.3M

vol

4 deals

Broker

Miami Beach MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.06%

Cash-on-Cash

-1.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93